This property looks like a bad Airbnb investment with a projected -23.46% first-year return on $138k initial cash invested.
-23.46%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$1,751
Rent
-$2,694
Cashflow
Cash Flow
$1,751 income − $4,445 expenses = $2,694 out of pocket
Investment Breakdown
|
Purchase Price
$571k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$138k
Downpayment
20%
$114k
Closing costs
1%
$5,705
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,751
Total Expenses
$4,445
Mortgage P&I
179%
$3,135
Property Taxes
15%
$266
Home Insurance
12%
$203
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438